Industrial Select Correlations

Etfs . USA . 
Etf . Industrial Select Sector
XLI Etf  USD 135.48  0.30  0.22%   
The current 90-days correlation between Industrial Select Sector and Materials Select Sector is 0.86 (i.e., Very poor diversification). The correlation of Industrial Select is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Industrial Select Correlation With Market

Very poor diversification

The correlation between Industrial Select Sector and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Industrial Select Sector and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Industrial Select Sector. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Industrial Etf

  0.83DRVN Driven Brands HoldingsPairCorr
  0.92ITA iShares Aerospace DefensePairCorr
  0.99VIS Vanguard IndustrialsPairCorr
  0.72JETS US Global JetsPairCorr
  0.96FXR First Trust IndustriPairCorr
  0.96PPA Invesco Aerospace DefensePairCorr
  0.99IYJ iShares Industrials ETFPairCorr
  0.87IYT iShares TransportationPairCorr
  0.99FIDU Fidelity MSCI IndustrialsPairCorr
  0.84VTI Vanguard Total StockPairCorr
  0.82VBK Vanguard Small CapPairCorr
  0.75EEM iShares MSCI EmergingPairCorr
  0.86JPST JPMorgan Ultra ShortPairCorr
  0.76DUKH Ocean Park HighPairCorr
  0.84VZ Verizon Communications Fiscal Year End 28th of January 2025 PairCorr
  0.83TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.91GE GE Aerospace Fiscal Year End 28th of January 2025 PairCorr
  0.91CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.72MMM 3M Company Sell-off TrendPairCorr
  0.97HD Home DepotPairCorr
  0.88WMT WalmartPairCorr
  0.9DD Dupont De Nemours Fiscal Year End 4th of February 2025 PairCorr
  0.97AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.7KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr

Moving against Industrial Etf

  0.78HUM Humana Inc Fiscal Year End 23rd of January 2025 PairCorr
  0.5FNGD MicroSectors FANG IndexPairCorr
  0.69BA Boeing Fiscal Year End 29th of January 2025 PairCorr
  0.34INTC Intel Buyout TrendPairCorr

Related Correlations Analysis

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Industrial Select Constituents Risk-Adjusted Indicators

There is a big difference between Industrial Etf performing well and Industrial Select ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Industrial Select's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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